The Week Ahead: Are Investors Really Too Optimistic About Enbridge Inc (NYSE: ENB)

Enbridge Inc (NYSE:ENB) currently has a daily average trading volume of 4.00M but it saw 5951850 shares traded in last market. With a market cap of 99.36B USD, the company’s current market price of $45.57 came falling about -0.09 while comparing to the previous closing price of $45.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $47.08 and as low as $34.60.

Over the week, ENB’s stock price is moving 1.56% up while it is -0.15% when we observe its performance for the past one month. Year-to-date it is 7.40% up and over the past year, the stock is showing an upside performance of 24.00%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.6 while estimate for next year EPS is 2.95. In next quarter, company is expected to be making quarterly sales of $11.11B as analysts are expecting the sales for current fiscal year at $48.65B and seeing the company making $47.15B in sales next year. Moreover, analysts are in estimates of $9.64B for current-quarter revenue.

Currently, Enbridge Inc’s total number of outstanding shares is 2.18B with 0.08% of that held by the insiders while 53.83% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.68% and return on equity (ROE) at 9.51%. It has a price to earnings ratio (P/E ratio) of 23.43 while having a 20.01 of forward P/E ratio. Stock’s beta reads 0.75. Stock has a price to book (P/B) ratio of 2.33 while price to sale or P/S ratio amounts to 2.27. Its return on asset (ROA) is 3.07% on average.